Trump blasts proposed restrictions on selling U.S. jet parts to China

Trump blasts proposed restrictions on selling U.S. jet parts to China

U.S. President Donald Trump on Tuesday blasted proposals that could hinder U.S. companies from supplying jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves, Trend reports citing Reuters.

The president’s intervention illustrated, at least in this case, his desire to prioritize economic benefits over potential competitive pitfalls and national security concerns.

It also contrasts with the sharp restrictions his administration has placed on U.S. companies trading with Huawei Technologies, the world’s largest telecommunications equipment maker, citing national security reasons.

In a series of tweets on Tuesday, Trump said national security should not be used as an “excuse” to make it difficult for foreign countries to buy U.S. products.

“The United States cannot, & will not, become such a difficult place to deal with in terms of foreign countries buying our product, including for the always used National Security excuse, that our companies will be forced to leave in order to remain competitive,” Trump wrote on Twitter.

“As an example, I want China to buy our jet engines, the best in the World,” he added. Trump later said before departing to California that, “things have been put on my desk that have nothing to do with national security, including chipmakers.”

Trump’s tweets apparently referred to reports over the weekend that the U.S. government was considering whether to block General Electric Co (GE.N) from continuing to supply engines for a new Chinese passenger jet. But Trump did not provide further details or identify the restrictions, and the White House declined to comment.

“This is ultimately akin to cutting off your nose to spite your face because ultimately you’re hurting U.S. manufacturing companies but you’re not having a material impact on your target,” said trade lawyer Doug Jacobson.

The United States and China, the world’s two largest economies, have a complicated and competitive relationship. Trump signed a first-phase trade deal with China earlier this year after a long trade war in which the countries levied significant tariffs on each others’ products, many of which remain in place.

Washington is also eyeing limits on other components for Chinese commercial aircraft such as flight control systems made by Honeywell International Inc (HON.N).

Central to the possible crackdown is whether shipments of U.S. parts to China’s aircraft industry could fuel the rise of a serious competitor to U.S.-based Boeing Co (BA.N) or boost China’s military capabilities.

The Semiconductor Industry Association (SIA) said it welcomed Trump’s comments.

“We applaud President Trump’s tweets supporting U.S. companies being able to sell products to China and opposing proposed regulations that would unduly curtail that ability,” said John Neuffer, the group’s president, in a statement. “As we have discussed with the administration, sales of non-sensitive, commercial products to China drive semiconductor research and innovation, which is critical to America’s economic strength and national security.”

Azerbaijan eyes to launch WeChat payment solution
Azerbaijan eyes to launch WeChat payment solution
Uzbekistan, Ireland consider establishing co-op in tourism sector
Uzbekistan, Ireland consider establishing co-op in tourism sector
Iran hopes Gorgan-Aktau flight to boost its tourism industry
Iran hopes Gorgan-Aktau flight to boost its tourism industry
Loading Bars
Latest
President Ilham Aliyev views construction of Ordubad Hydroelectric Power Plant
ERIELL to work on wells at field in Uzbekistan’s Karakalpakstan
First Vice President of Azerbaijan shares publication on occasion of 98th anniversary of birth of National Leader Heydar Aliyev
President Ilham Aliyev attends inauguration of Julfa-Ordubad highway
Uzbekistan’s 1Q2021 tomatoes export revealed
Turkey sees increase in cement exports to Azerbaijan
Kazakhstan-Israel trade plummets y-o-y
Uzbekistan to connect number of small industrial zones to utility networks
Weekly review of Azerbaijani currency market
ACG oil transshipment from Ceyhan terminal exceeds 70 mb YTD
EBRD, EIB, Proparco to fund construction of solar power plant in Uzbekistan’s Samarkand
President Ilham Aliyev attends opening of Artificial Insemination Center in Nakhchivan
Azerbaijan creating 'green' energy zone in liberated Karabakh
President Ilham Aliyev attends opening of Nakhchivan Garrison Central Hospital
President Ilham Aliyev attended inauguration of Nakhchivan branch of “Azerkhalcha” OJSC
Weekly review of Azerbaijani oil market
Bank of Israel cuts government bond purchases
President Ilham Aliyev viewed construction of “ASAN xidmət” Center in Nakhchivan
Turkey's 4M2021 steel exports to Turkmenistan shrink
Armenian Parliament to reconsider issue of electing new prime minister
Iran increases sturgeon farming
World's largest cargo plane with UK Covid aid takes off for India
President Ilham Aliyev visits statue of national leader Heydar Aliyev in Nakhchivan
India to recruit 400 retired medical officers of AMC, SSC; Defence Ministry issues orders
Iran eyes to expand ties Turkmenistan
Indian-Led Ground-Breaking Cancer Test Hopes To Launch This Year
President Aliyev attends opening of military aerodrome of Special Combined Arms Army
Iran to renovate public transport fleet
Iranian water and electricity companies to enter EAEU market
Artists of Int'l Arts Festival create 'Kharybulbul' model in Azerbaijan's liberated lands (PHOTO)
Indian and Indonesian navies carry out military drill in southern Arabian Sea
President Aliyev attends presentation of new runway at Nakhchivan International Airport
Iran continues investments for dev't of postal network
Iran, Serbia to expand ties by preferential trade agreement
Iran to inaugurate new national housing units
Iran's NIGTC announces tender for intelligent pipes
Iran to return to its full oil production capacity by early 2023, says JP Morgan
India, EU hold virtual summit to boost overall ties
Stand Firmly With India In This Challenging Time: European Commission Chief
JP Morgan expects global oil demand to surge over summer
President Ilham Aliyev arrives in Nakhchivan Autonomous Republic for visit
UK PM Johnson to announce next phase of COVID lockdown easing
Over 170 million Covid-19 vaccine doses administered so far, says Indian government
Covid-19: Abu Dhabi temple's medical supplies, oxygen reach India
Iran allocates funds for flood control projects
Iranian currency rates for May 10
Uzbekistan reveals COVID-19 data for May 10
Iran's main Stock Exchange sees decline
Azerbaijani president, first lady Mehriban Aliyeva visit tomb of national leader Heydar Aliyev (PHOTO)
Ford recalls 661,000 Explorer SUVs in North America
Los Angeles-made film highlights Azerbaijan’s role in defeating Nazi Germany
Bahar Azadi gold coin price increase in Iran
Iran's NIDC to start exploration excavations in Ardabil Province
Iran to launch number of facilities in free trade, special economic zones
Investments in mining sector of Iran's Zanjan Province increase
Iran's Amir-Kabir Petrochemical Company sees increase in sales
Iran to restore several mines in Qom Province
Perpetuation of fascist ideology by Armenia - catastrophic for whole world - Israeli expert
Iran shares data on exports from Semnan Province
Iran discloses number of cars supplied with dual fuel free of charge
Likelihood of interest rate decrease in Azerbaijan seems very low – Unicapital
Foundation of apartments to be laid in Iran's Yazd Province
Eleven people killed in bombing of bus in Southern Afghanistan - officials
Fauci says U.S. COVID-19 death toll undercounted
Heydar Aliyev is a man who gave wings to Azerbaijan in most difficult conditions - Yuli Gusman
Vaccination of citizens over 18 starts in Azerbaijan
Poll shows 60% of Japanese want Games cancelled
Ministry discloses number of ships received by big port in southern Turkey in 1Q2021
Brazil reports 1,024 more deaths from COVID-19
UN Security Council to discuss East Jerusalem tensions on Monday
Gaza militants fire 2 rockets at southern Israel: military
Saudi Arabia to hold Hajj ritual under COVID-19 measures
Hamilton overtakes Verstappen to win F1 Spanish GP
UK records another 1,770 coronavirus cases, 2 deaths
EU has not ordered AstraZeneca vaccines beyond June - Commissioner
Russian FM to visit Azerbaijan
Emirates to fly medical aid to India for free
WHO records over 786,000 new daily cases of COVID-19 worldwide
Azerbaijan marks 98th birthday anniversary of National Leader Heydar Aliyev
Kazakhstan becomes main importer of Uzbek cars
Iran, India discuss expansion of trade relations
Turkey's COVID-19 cases maintain downward trend amid lockdown
Georgian NCDC Deputy Head hopes for better epidsituation in summer if cases do not surge in May
Enmity with Turks is catastrophe not only for Armenia, but for entire region - Pashinyan
Lukashenko, Putin agree to meet soon
President Ilham Aliyev makes Facebook post on 98th anniversary of national leader Heydar Aliyev (PHOTO)
Egypt to start producing Chinese Sinovac coronavirus vaccine in June: Health minister
South Sudan president dissolves parliament in line with peace deal
Israeli gov't approves aid plan for leading airlines
Belarus president signs decree on transition of powers in case of emergency
Progress achieved under Azerbaijan’s national leader Heydar Aliyev paved way for liberation of occupied lands in 2020 – Sobhani
Sunflower imports down in Georgia
Kyrgyz FM to visit China
Expert consultations continue in Vienna between Iran
New COVID-19 cases in Turkey lowest since March
Israeli gov't approves aid plan for leading airlines
Iran's Energy Exchange announces products to be on sale on May 10
Turkey discloses number of ships received by Zonguldak port in 1Q2021
National Gymnastics Arena in Baku has best conditions - Сoach of Egyptian team
Emotions after competition are positive - bronze medalists of World Cup in Baku, Azerbaijani team
All news